Special Election held in conjunction with the Larimer County Coordinated Election

Ballot Issues

Outcome:

No

14,518

58.52%

Yes

10,291

41.48%

Ballot Language

SHALL CITY OF FORT COLLINS SALES AND USE TAXES BE INCREASED BY AN ESTIMATED $8,000,000 FOR THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAY BE GENERATED ANNUALLY THEREAFTER BY INCREASES IN THE RATES THEREOF FROM 3.00% TO 3.29%, TO COMMENCE JANUARY 1, 2002, AND EXPIRE DECEMBER 31, 2021, THE PROCEEDS OF WHICH TAX RATE INCREASES, TOGETHER WITH INVESTMENT EARNINGS THEREON, SHALL BE USED FOR THE ACQUISITION, CONSTRUCTION, INSTALLATION, OPERATION AND MAINTENANCE OF

A NEW PERFORMING ARTS CENTER, INCLUDING AN APPROXIMATELY 2,200-SEAT MAIN THEATER AND AN APPROXIMATELY 400-SEAT THEATER, A VISUAL ARTS GALLERY, SPACE FOR COMMUNITY MEETINGS AND IMPROVEMENTS TO THEATERS IN THE COLORADO STATE UNIVERSITY CENTER FOR THE ARTS TO ACCOMMODATE JOINT USE WITH THE CITY,

A NEW MAIN LIBRARY WITHOUT REGARD TO LIMITATIONS CONTAINED IN PEOPLES ORDINANCE NO. 1, 1975, AND LAND FOR A NEW SOUTHEAST BRANCH LIBRARY AND

OR FOR THE PAYMENT OF PRINCIPAL, INTEREST AND ANY PREMIUM DUE IN CONNECTION WITH SALES AND USE TAX REVENUE BONDS ISSUED BY THE CITY FOR THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF SUCH FACILITIES, TO CONTINUE WITHOUT REDUCTION IN RATES UNTIL SUCH BONDS ARE PAID IN FULL AND THEREAFTER TO BE REDUCED TO RATES SUFFICIENT TO PAY THE REMAINING COSTS OF ACQUISITION, CONSTRUCTION AND INSTALLATION OF SUCH FACILITIES AND THE OPERATION AND MAINTENANCE THEREOF, SUCH TAX RATE INCREASES AND REDUCTIONS TO BE ENACTED BY SUCH ORDINANCES OF THE CITY COUNCIL AS MAY BE NECESSARY TO EFFECT THE PROVISIONS HEREOF, AND IN CONNECTION THEREWITH SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO COLLECT AND EXPEND THE PROCEEDS OF SUCH TAX RATE INCREASES AND INVESTMENT EARNINGS THEREON, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES AND EXPENDITURES, INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, ALL IN ACCORDANCE WITH CITIZEN-INITIATED ORDINANCE NO. 1, 2001?

Outcome:

No

14,523

58.98%

Yes

10,099

41.02%

Ballot Language

SHALL CITY OF FORT COLLINS DEBT BE INCREASED BY NOT MORE THAN $41,500,000 IN PRINCIPAL AMOUNT, WITH A REPAYMENT COST OF NOT MORE THAN $86,000,000 TOTAL PRINCIPAL AND INTEREST, BY THE ISSUANCE OF SALES AND USE TAX REVENUE BONDS, PAYABLE FROM THE CITY'S SALES AND USE TAXES, INCLUDING PROPOSED INCREASES THEREIN, AND OTHER LEGALLY AVAILABLE FUNDS, THE PROCEEDS OF WHICH BONDS, TOGETHER WITH INVESTMENT EARNINGS THEREON, SHALL BE USED TO FINANCE AND/OR REFINANCE THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF

A NEW PERFORMING ARTS CENTER, INCLUDING AN APPROXIMATELY 2,200-SEAT MAIN THEATER AND AN APPROXIMATELY 400-SEAT THEATER, A VISUAL ARTS GALLERY AND SPACE FOR COMMUNITY MEETINGS AND

IMPROVEMENTS TO THEATERS IN THE COLORADO STATE UNIVERSITY CENTER FOR THE ARTS TO ACCOMMODATE JOINT USE WITH THE CITY,

TOGETHER WITH ANY OTHER NECESSARY OR INCIDENTAL PROPERTIES, FACILITIES AND COSTS, SUCH BONDS TO MATURE, BEAR INTEREST AND BE CALLABLE FOR REDEMPTION PRIOR TO MATURITY, WITH OR WITHOUT A PREMIUM, AS MAY BE DETERMINED BY THE CITY COUNCIL, SUCH BONDS TO BE ISSUED PURSUANT TO SUCH ORDINANCES OF THE CITY COUNCIL AS MAY BE NECESSARY AND PRUDENT TO EFFECT THE PROVISIONS HEREOF, AND IN CONNECTION THEREWITH SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO RECEIVE AND EXPEND SALES AND USE TAXES, OTHER LEGALLY AVAILABLE FUNDS AND INVESTMENT EARNINGS THEREON IN AMOUNTS EQUAL TO SUCH PRINCIPAL, INTEREST AND PREMIUM FOR THE PURPOSE OF PAYING THE SAME, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES AND EXPENDITURES, INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, ALL IN ACCORDANCE WITH CITIZEN-INITIATED ORDINANCE NO. 2, 2001?

Citizen-Initiated Ordinance No. 3 - Ballot Issue 202
(issuance of bonds to finance new main library and land for future branch library)

Outcome:

No

12,685

51.82%

Yes

11,794

48.18%

Ballot Language

SHALL CITY OF FORT COLLINS DEBT BE INCREASED BY NOT MORE THAN $36,100,000 IN PRINCIPAL AMOUNT, WITH A REPAYMENT COST OF NOT MORE THAN $76,000,000 TOTAL PRINCIPAL AND INTEREST, BY THE ISSUANCE OF SALES AND USE TAX REVENUE BONDS, PAYABLE FROM THE CITY'S SALES AND USE TAXES, INCLUDING PROPOSED INCREASES THEREIN, AND OTHER LEGALLY AVAILABLE FUNDS, THE PROCEEDS OF WHICH BONDS, TOGETHER WITH INVESTMENT EARNINGS THEREON, SHALL BE USED TO FINANCE AND/OR REFINANCE THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF

A NEW MAIN LIBRARY WITHOUT REGARD TO LIMITATIONS CONTAINED IN ORDINANCE NO. 1, 1975, AND

LAND FOR A NEW SOUTHEAST BRANCH LIBRARY,

TOGETHER WITH ANY OTHER NECESSARY OR INCIDENTAL PROPERTIES, FACILITIES AND COSTS, SUCH BONDS TO MATURE, BEAR INTEREST AND BE CALLABLE FOR REDEMPTION PRIOR TO MATURITY, WITH OR WITHOUT A PREMIUM, AS MAY BE DETERMINED BY THE CITY COUNCIL, SUCH BONDS TO BE ISSUED PURSUANT TO SUCH ORDINANCES OF THE CITY COUNCIL AS MAY BE NECESSARY AND PRUDENT TO EFFECT THE PROVISIONS HEREOF, AND IN CONNECTION THEREWITH SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO RECEIVE AND EXPEND SALES AND USE TAXES, OTHER LEGALLY AVAILABLE FUNDS AND INVESTMENT EARNINGS THEREON IN AMOUNTS EQUAL TO SUCH PRINCIPAL, INTEREST AND PREMIUM FOR THE PURPOSE OF PAYING THE SAME, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES AND EXPENDITURES, INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, ALL IN ACCORDANCE WITH CITIZEN -INITIATED ORDINANCE NO. 3, 2001?